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REGISTERED NUMBER: 08755777 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

JADEBET LIMITED

JADEBET LIMITED (REGISTERED NUMBER: 08755777)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JADEBET LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: N H Stack
P A Thompson
G P Tilley
T Wilson





REGISTERED OFFICE: Unit 3 Marcus Close
Tilehurst
Reading
Berkshire
RG30 4EB





REGISTERED NUMBER: 08755777 (England and Wales)

JADEBET LIMITED (REGISTERED NUMBER: 08755777)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 526,898 526,898

CURRENT ASSETS
Debtors 5 81,000 191,133
NET CURRENT ASSETS 81,000 191,133
TOTAL ASSETS LESS CURRENT
LIABILITIES

607,898

718,031

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 21,080 21,080
Retained earnings 586,718 696,851
SHAREHOLDERS' FUNDS 607,898 718,031

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

JADEBET LIMITED (REGISTERED NUMBER: 08755777)

BALANCE SHEET - continued
31 OCTOBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2024 and were signed on its behalf by:





T Wilson - Director


JADEBET LIMITED (REGISTERED NUMBER: 08755777)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Jadebet Limited is a private company, limited by shares, registered in England and Wales (CRN 08755777). The registered office address is Unit 3 Marcus Close, Reading, Berkshire RG30 4EB.

The principal activity of the company is that of a holding company to a trading subsidiary undertaking.

The financial statements are presented in Pound Sterling (£), which is also the functional currency of the company.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Jadebet Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Shares in group undertakings are stated at cost less provision for impairment losses.

Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

JADEBET LIMITED (REGISTERED NUMBER: 08755777)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. FIXED ASSET INVESTMENTS
Share
investments
£   
COST
At 1 November 2022
and 31 October 2023 526,898
NET BOOK VALUE
At 31 October 2023 526,898
At 31 October 2022 526,898

The investment at the balance sheet date in the share capital of group and associated undertakings comprised the following:

Holding Share class Business activity
Subsidiary
Solo Managed Services (UK) Ltd 100% £1 Ordinary Mailing services
Associate
ProMX UK Ltd 20% £1 Ordinary IT cloud services

The registered offices of the subsidiary and associate undertakings are as that of the Company (see Note 1).

5. DEBTORS
31.10.23 31.10.22
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings - 92,133
Other debtors 54,000 36,000
54,000 128,133

Amounts falling due after more than one year:
Other debtors 27,000 63,000

Aggregate amounts 81,000 191,133

JADEBET LIMITED (REGISTERED NUMBER: 08755777)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

6. DIRECTORS' ADVANCES

The following advances to the directors subsisted at the year end:

31.10.23
£
Director one990
Director two1,800
Director three1,800

7. ULTIMATE CONTROLLING PARTY

The company is controlled by SG Berkshire Limited.